Life insurers post 26 pc growth in new business premiums to Rs 42,914 crore in October

New Delhi: Life insurers have registered a 26 per cent growth in new business premiums (NBPs) in October, driven by higher sales of both single and non-single premium policies. New business increased to Rs 42,914 crore in October this year, compared to Rs 34,007 crore in the corresponding month last year, according to data released by the Life Insurance Council. During the month, Life Insurance Corporation of India (LIC) collected Rs 25,316 crore as new premium as against Rs 19,274 crore in October, 2025, registering a growth of 31 per cent.

At the same time, 26 private sector insurers garnered Rs 17,599 crore as compared to Rs 14,733 crore in October last year, up 20 per cent. As regards, individual single premium of private sector rose to Rs 2,008 crore from Rs 1,685 crore during the same month a year ago. Individual non-single premium also increased to Rs 6,666 crore as against Rs 6,344 crore in the corresponding period of last year.